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Finland’s Nokia reaffirms ambitions and commitment to the African continent
Headquartered in Finland, mobile telephone maker Nokia says it is still committed to growing and remaining rooted in the African continent. The Finnish telecommunications equipment maker, Nokia, announced that it still wants to grow and implement more infrastructure in the African market. This is the sentiment shared by Nokia officials who revealed their insights on
Gordhan is confident the SAA-Takatso deal will go ahead amid Novick’s resignation
Minister of Public Enterprises Pravin Gordhan has reacted to the resignation of Takatso Consortium’s board member Gidon Novick. Novick was tasked by Takatso Consortium to negotiate for their bid to acquire 51% of South African Airways and his resignation has made headlines. However, Gordhan remains upbeat that they will continue to hold talks with Takatso,
Embattled Eskom loses yet another top executive in Rhulani Mathebula
South African power utility Eskom has confirmed that the acting group executive of power generation, Rhulani Mathebula, is leaving the struggling company. Mathebula’s departure was confirmed by Eskom’s Chief Operations Officer Jan Oberholzer in a media briefing on Tuesday. Oberholzer said Mathebula, who spent 19 years with the power generator, Eskom, is leaving the company
CSIR CEO Dr. Thulani Dlamini foresees a bright future for the institution
The Centre for Science and Industrial Research (CSIR) is set to perform well in the next few years and that is according to Dr. Thulani Dlamini who is the CEO. Dlamini says CSIR has found strategies as it navigated the national lockdown well and is now poised to perform strongly in the coming years, he
Iwisa & Snowflake owner Christo Wiese to list Premier Group on JSE
Businessman Christo Wiese has unveiled plans to spin off and separately list Premier Group in the Johannesburg Stock Exchange as per media reports. BusinessTech Africa has discovered that Wise, a major shareholder at investment company Brait, has announced his ambition in an initial public offering (IPO). The initial public offering would put the fast-moving consumer
Foschini owner, TFG, records staggering R400 million losses due to power cuts
As the South African business sector continues to strike the balance between electricity cuts and making profits, clothing retailer TFG who owns Foschini has registered massive financial losses. Foschini owner, TFG, says because of the ongoing load shedding implemented by Eskom, it parted ways with a staggering R400 million in lost sales. The company, TFG,
Toyota SA announces plans to test Market response to RAV4 plug-in hybrid
Toyota South Africa Motors has announced plans to test the local market and measure its response to the RAV4 plug-in hybrid vehicle. The Japanese Car maker, Toyota, said this following the unveiling of the RAV4 GX hybrid in 2021 and the RAV4 hybrid E-Four this year. While the Toyota RAV4 hybrid is not officially on
Drivers contracted to Eskom arrested stealing coal at Kendal Power Station
While Eskom is busy working hard to ensure the load shedding is cut down as soon as possible, its contracted employees continue to steal from the power utility. BusinessTech Africa is informed that two truck drivers contracted to Eskom were arrested at Kendal Power Station in possession of stolen coal. According to various media publications,
Owen Lekala: Meet a young student who developed an e-hailing app using NSFAS money
A young Owen Lekala is a student at the Tshwane University of Technology but he never ditched his business aspirations as he developed an e-hailing application. Lekala is just 21 years old and managed to save his National Student Financial Aid Scheme (NSFAS) allowance to fund his brightest idea. He is the owner of Hike,
Agricultural machinery maker New Holland reveals plans for going green
Farmers Weekly reports that the sale of agricultural machinery has gone up in South Africa over the past two years and New Holland reveals plans for going green. The farming website has credited this information to the South African Agricultural Machinery Association as per the latest sales reports. Speaking for an agricultural machinery company, New
Mobile phone maker Nokia & Africa Data Centres sign partnership deal in Cape Town
One of the leading telecommunications companies, Nokia, has partnered with Africa Data Cantres in a deal that was signed in Cape Town on Thursday. The Finnish multinational telecommunications firm, Nokia, has reached a deal with Africa Data Centres to enable the cloud-neutral data centre provider. The deal between Nokia and Africa Data Centre will offer
UN says Anglo American is denying justice for Zambian poison victims
Mining company Anglo American is in the middle of a legal battle in Zambia as it faces allegations of affecting women and children with lead poisoning. Anglo American is now accused of blocking or denying access to justice for thousands of Zambian women and children affected by lead poisoning at a mine it used to
South Africa secures R10.7bn loan from Germany & France towards cleaner energy
The South African government has secured loan agreements with European countries, France and Germany to the tune of R10.7 billion (€600 million). The loan agreements or deals with France and Germany will assist South Africa in its efforts to shift from coal and compound its reliance on cleaner energy. As per information filtering through to
Kenya Airways pilots return to work, government vows to intensify recovery
The Kenyan government has breathed a sigh of relief following the end of the strike which saw Kenya Airways pilots embarking on a labour protest. The pilots' strike led to massive financial losses for Kenya Airways and it has come to an end as the government announced on Wednesday morning. Kenya Airways pilots embarked on
Solar company Scatec starts construction work to ease the burden on Eskom
A multi-billion rand construction work is underway in the Northern Cape as renewables company, Scatec, is building a massive project. Scatec engineers are already at work for the project which forms part of the South African government’s Risk Mitigation Independent Power Producer Procurement Programme. Engineering News has it that once operational, the project will have
Gold Fields pulls out of the agreement to buy Yamana Gold, expects $300 million
BusinessTech Africa has gathered that mining giant, Gold Fields, has terminated its agreement to buy Canadian precious metals miner Yamana Gold. It is reported that Gold Fields expects to be paid a $300 million (R5.3 billion) break fee in the next two business days as per News24. Gold Fields announced this development late on Tuesday,
SAA on plans to fly to Zimbabwe, Malawi, and Namibia this festive season
As South African Airways hopes to return to full capacity, the state-owned carrier says it restart a number of flights during the festive season. SAA says by the festive season, it will have restarted flights to one airport each in Namibia and Zimbabwe, and to two cities in Malawi. The embattled national carrier, SAA, announced
Brand new R103 billion Oceans mall set open in Durban’s Umhlanga
Dubbed one of the biggest shopping malls in South Africa, the new Oceans Mall is set to open its doors in Umhlanga, KwaZulu-Natal this month. The new Oceans Mall is promising nothing but bringing luxury retail and high-end fashion to Durban’s posh suburb of Umhlanga. The brand new Oceans shopping mall is worth R1.3 billion
Ex-Vodacom and SAA boss Vuyani Jarana unveils broadband company
Former Vodacom boss Vuyani Jarana has launched a broadband company, Ilitha Communications, that seeks to provide affordable internet. As it is backed by two development finance institutions and Microsoft, Jarana says Ilitha Communications also launched its brand services in East London. Jarana, the former CEO of Vodacom Business and South African Airways, has launched llitha
SA cane growers urge government to intervene in Tongaat Hulletts matter
Amid Tongaat Hullett’s financial struggles, the South African Cane Growers Association has urged the government to intervene with an aim to save jobs. SACGA released a statement on Thursday urging the South African government to intervene and save more than 14 000 jobs. The farmers are contracted to Tongaat Hullett Limited, a sugar company that